New Delhi, Aug 2 (Representative) As many as 29 executives and officials of various Ministers representing 17 countries attending International Executive Program on SME Financing – Approaches & Strategies had an interaction with FTCCI along with World Trade Center, Shamshabad, and National Institute for Micro, Small and Medium Enterprises (ni-msme). The event was organized by FTCCI to create awareness of the business environment in India, more specifically, in Telangana and also MSME growth & its contribution to the economy, a statement said on Tuesday. Y Vara Prasad Reddy Chairman World Trade Center, Shamshabad, Ms Khyati Naravane, CEO, FTCCI, Meela Jayadev, Senior Vice President, FTCCI, Ms Sujatha, Dy. CEO, FTCCI were present at the event among others officials from Mauritius, Bangladesh, Namibia, Tajikistan, Belarus, Ethopoia, Zambia, Ghana, Bangladesh and others. In his welcome address, FTCCI President Anil Agarwal said “ We are glad that we are sharing our experiences and success with regard to conduct of MSMEs sector with our partner country officials from 19 countries.
This program is aimed to help share the processes we have adopted in smooth facilitation of running the MSME business with our visitors so that they can implement some of these measures successfully in their regions. We are happy to host this with the World Trade Centre and ni-msme officials. MSMEs account for the majority of businesses worldwide and are important contributors to job creation and global economic development. However, access to finance is a key constraint to SME growth, it is the second most cited obstacle facing SMEs to grow their businesses in emerging markets and developing countries. Establishing credit-information infrastructure and providing credit guarantees could help ease SMEs access to finance” Mr Agarwal added Mallikarjuna Gupta, Management Consultant, World Trade Center said “ We are glad to have the World Trade Center in Shamshabad soon.
We will help facilitate the local business to trade with other regions and countries. Through this program we would like to inform the visiting delegates that WTC will help in all forms and share knowledge which can be useful to revive and sustain MSMEs sector in their countries “ Dr Visweswara Reddy, Faculty Member ,National Institute for Micro, Small and Medium Enterprises (ni-msme) said “ We are hosting these delegates for our intern program spread over 45 days. As part of the program the visiting delegates got to know the challenges faced by MSMEs sector and how to overcome the same from industry experts like FTCCI and WTC though these interactive session ” The visiting delegates said they were sponsored by their respective governments to Hyderabad India to know among others, running of MSME sector; gain knowledge to run MSME business; role of banks and technology used in MSME sector; strategies to grow MSME sector; role of MSMS sector in building a nation economy.